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Property profile & analytics

448 7th Ave Marion, IA 52302-5727

  • Commercial real estate
  • 1,996 SF
  • 0.17 lot acres
OFF-MARKET
Value Estimation
$150,000
Last Sale
May 09, 2022
$199,000
Location Intelligence
Property ID
US25-0333382
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 448 7th Ave

Year built
1900
Lot size
0.17 lot acres
Property size
1,996 SF
Property type
Commercial real estate
APN
14-01-1-31-018-0-0000
APU
140113101800000

Description

This beautifully remodeled two-story office building, located at 448 7th Avenue in Marion, IA, presents a unique investment opportunity. Situated on a 0.17-acre lot at the main entrance to Marion's historic Uptown district, this property boasts high visibility and significant foot traffic. The building features updated electrical systems both internally and externally, along with a convenient off-street rear parking lot. Accessibility is ensured through handicap-accessible design. Ideal for a boutique shop, tearoom, or centrally located offices, this turnkey property is ready for immediate occupancy. The upper level includes a remodeled apartment with its own entrance, providing additional income potential and enhancing the investment's cash flow. The building also includes valuable amenities such as an owned water softener and dehumidifier, a clean and dry basement, and a garage equipped with hot and cold running water and a drain. The flexible floor plan allows for the creation of larger rooms by opening existing walls. First-floor features include a washer/dryer hookup and two bathrooms. A new glass front door adds to the property's modern appeal. The asking price for this exceptional property is $225,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $145,000
  • CAP approach

    CAP return
    Estimation
    6%
    $165,000
    6.5%
    $165,000
    7%
    $150,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $145,000
    Geo Method
    $175,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $155,000
    Retail
    $160,000
    Mixed-Use
    $150,000
    Hospitality
    $175,000
    Educational
    $140,000
    Residential Income
    $165,000
    Energy
    $135,000
    Income-Based Land
    $135,000
    Food Service
    $175,000

Location Insight

  • Map
  • Local Demand
City
Marion
County
Linn
State
Iowa
Longitude
-91.6058
Latitude
42.0336
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,288
$75,600
$118,900
$194,500
-
$75,600
$118,900
$194,500
More about this property
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